Page 2 - Mudra Loans

Loans of Rs 14.96 lakh crore sanctioned since launch of PM Mudra scheme

According to the Centre, more than 28.68 crore loans for an amount of Rs 14.96 lakh crore have been sanctioned by banks, NBFCs and MFIs since the launch of PMMY

Govt may not extend Rs 3 trn credit guarantee scheme for MSMEs beyond Oct

The scheme is meant to provide financial support to businesses, primarily Micro, Small and Medium Enterprises (MSMEs), impacted by slowdown triggered by the coronavirus pandemic

Green shoots are mechanical rebound, don't read much into it: Ex-RBI Guv

Short-term as well as medium-term prospects (for Indian economy) continue to be grim, says D Subbarao

Lockdown 4.0: Not looking for dole, need better policies, say Meerut MSMEs

The fourth of a five-part series looks at the situation in the industrial heartland of Western UP where firms prefer GST refunds, supportive policies over handouts

Aatmanirbhar Bharat offers MSMEs short-term respite: Crisil SME Tracker

3.5 trn Atmanirbhar Bharat package for SMEs can increase credit to MSMEs by 18-19% which can address the short-term liquidity crunch. Here's a closer look at the measures announced, and their impact

Ambitious $5-trillion economy target sounds too idealistic: Niti official

Dispelling concerns over the slowdown, Dalmia said that tough times don't last but tough nations do

We've seen healthy growth in term loans: SBI chairman Rajnish Kumar

Rajnish Kumar, chairman, State Bank of India (SBI), says the economy has bottomed out and there is a need to revive the capital expenditure cycle

Over Rs 10 trn worth of loans disbursed under Mudra Yojana till Nov 1: Govt

The PMMY is a scheme launched by the prime minister on April 8, 2015, for providing loans up to Rs 10 lakh to non-corporate, non-farm small/micro enterprises.

Nearly 3% of Rs 6 trn loans sanctioned under Mudra scheme turned bad: Govt

Prime Minister Narendra Modi launched the PMMY on April 8, 2015, for providing collateral free loans of up to Rs 10 lakh to non-corporate, non-farm small/micro enterprises

Letter to BS: Bankers should not be the only ones blamed for rising NPAs

With the new dispensation at the Centre and steps taken to clean up the banking system, it was expected the era of directed lending was over

The Mudra problem

Directed lending always builds up bad loans in banks

RBI deputy guv M K Jain flags concerns over rising stress in Mudra loans

Banks need to focus on repayment capacity at the appraisal stage and "monitor the loans through the life cycle much more closely, said M K Jain

RBI red flags rising Mudra bad loans, asks banks to 'monitor closely'

The Mudra loan scheme was launched by Prime Minister Narendra Modi in 2015 to help the highly under-funded small and medium industries with cheap bank loans

Mudra boost to employment: Beneficiaries of the scheme create 11 mn jobs

After taking benefit of the scheme, jobs increased by around 11 mn in these establishments

Letter to BS: Regular CIBIL melas can reduce number of wilful defaulters

It is important to educate borrowers about the benefits of repayment of loans

RBI blames banks for Mudra loan defaults; bankers say can't help

Banks, according to the RBI, did not follow adequate credit appraisals, did not ensure the end-use of funds, or monitor the loans

PSB bad loans under Mudra Yojana stand at Rs 7,277 cr: Govt to Parliament

Loans extended under PMMY from the inception of the scheme up to March 2018 were Rs 5.71 trn

Mudra Yojana: Loans to micro business down 5.8%; 3 of 4 beneficiaries women

As of January 26, 2018, 106 million loans had been sanctioned under the scheme, according to data on the Mudra portal

MUDRA loans disbursed to over 5 mn people in 2 years in Maharashtra

The minister said that loans were given to 3.34 million persons in 2016-17 while in 2017-18, it was given to 1.69 million people